HARRISON, N.Y. – High School sophomores Jordan Canell and Nicholas Bilotta were finalists in the North Atlantic region of the 2014-15 DECA Stock Market Game and will now travel to Orlando, Fla.
They will now compete in the national Stock Market Game at the 2015 DECA International Career Development Conference at the end of April.
The two, who finished 10th in their region, will compete among roughly 70 teams from all over the U.S. and Canada, and will defend their investment decisions. For this competition, students could work in two- or three-member teams and had the opportunity to develop and manage an investment portfolio over a four-month period from September through December that operated off the activities of the New York Stock Exchange.
Canell and Bilotta chose to concentrate the majority of stock they traded into two categories – Apple and airlines.
At the beginning of the competition, student teams were given a fictitious $100,000 with which to invest. The Stock Market Game is conducted via the Internet and each participating team manages all aspects of the portfolio, including stock selection, buying, and selling. By the end of the four-month period, the Harrison students' portfolio was worth $115,893.34.
“We based many of our investments on momentum, meaning the stock had been doing well prior to the time of purchase and was projected to continue to perform,” said Bilotta. “We traded Apple stock many times throughout the competition, especially during the holiday season. We also purchased Apple stock around the time of the iPhone 6/6 plus release and the announcement of the iWatch as we knew this would be a popular buy for holiday consumers.”
The two also concentrated their strategic efforts into the airline stocks of American Airlines and Delta based on fluctuating commodity prices.
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